FG Expands Cash Transfer to More Nigerians Amid Inflation, Economic Reforms

The Federal Government says it will expand its direct cash transfer programme to reach more poor and vulnerable Nigerians as part of efforts to reduce the hardship caused by ongoing economic reforms.

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this on Tuesday at the Oxford Global Think Tank Leadership Conference and Book Launch in Abuja, noting that the initiative already benefits more than 15 million households nationwide.

“There is an attempt to ensure that the pains of reform are immediately alleviated,” Edun said. “That’s why there is a transparent, accountable, and robust system of providing direct payments to 15 million households.”

According to the minister, the government uses a digital verification system to ensure transparency and accountability in the distribution process.

“Each individual is identified by name, national identity number, and paid digitally—either to a bank account or mobile wallet. There is accountability, transparency, and a record,” he explained.


Edun revealed that plans are underway to scale up the programme further and ensure that every ward in Nigeria benefits from a new grassroots development initiative.

“This will empower economically active people at the ward level—small businesses and cottage industries—by providing support and financing. It’s a key element in ensuring that the benefits of current reforms reach right down to the local level,” he said.

The minister also reaffirmed that the Tinubu administration remains committed to stabilising inflation, strengthening the naira, and stimulating inclusive growth through people-oriented programmes.

Meanwhile, Dr. Arunma Oteh, founder of the Oxford Global Think Tank Leadership, urged Nigeria to increase infrastructure investment to at least 12% of GDP, warning that the nation’s current 4–5% spending level is insufficient for sustainable development.

“China invested 24% of its GDP in infrastructure for years,” she noted. “If Nigeria wants to bridge its infrastructure gap, it must start investing in people and projects that drive long-term growth.”